Senior Product Manager Salary

Senior Product Managers in the United States see excellent average salaries — about $115K annually. Total cash compensation to Senior Product Managers approaches anywhere from $85K on the lower end to $160K on the higher end; in exceptional cases, this can include more than $25K from bonuses and upwards of $20K from profit sharing. Earnings for this group are mostly affected by the company, followed by the particular city and years of experience. Most Senior Product Managers like their work and job satisfaction is high. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$80,212 - $146,096

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$18.90 - $76.03

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$80,212 - $146,096  
   
Bonus
$2,909 - $24,746  
Profit Sharing
$1,934 - $19,821  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,808 - $159,628  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 3,163
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$18.90 - $76.03  
   
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$2,909 - $24,746  
   
Profit Sharing
$1,934 - $19,821  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,808 - $159,628  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 23
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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may experience a large salary bump if they progress into a role such as VP of Product Management. The latter position pays an average of $176K annually. Becoming a Product Management Director is, more often than not, the most common role that Senior Product Managers move into when they're ready for the next step in their career. The average salary for the position is $137K. Another frequent advance is for Senior Product Managers to assume a Marketing Director role; in this role, workers often earn $79K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Known for taking on a considerable number of Senior Product Managers, Amazon.com Inc, T-Mobile, Inc., Oracle Corp., Cisco Systems Inc, and Express Scripts Incorporated are leading firms in the industry. Yahoo! Inc. attracts talent by shelling out the biggest paychecks in the area — the median in that office is $165K. Google, Inc., eBay Inc., and Cisco Systems Inc also offer top salaries for Senior Product Managers. Workers at these firms can expect to earn about $162K, $158K, and $158K, respectively.

The smallest paychecks in the field are found at Oracle Corp., where the median salary is a mere $95K, 74 percent lower than the top payer. Pearson Education, Express Scripts Incorporated, and T-Mobile, Inc. also rank near the bottom for pay, handing out $96K, $100K, and $115K-paychecks on average.

Popular Skills for Senior Product Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Program Management, Strategy, Strategic Marketing, and Product Marketing are correlated to pay that is above average, with boosts in pay of 6 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Microsoft Office, and Project Management. Those educated in Product Development tend to be well versed in Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. Even the relatively untried can take home bulky six-figure salaries; employees who have worked for fewer than five years report earning $111K on average. Senior Product Managers with one to two decades of relevant experience report an average salary of approximately $128K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $130K on average.

Pay Difference by Location


For Senior Product Managers, Sunnyvale, Palo Alto, and San Jose, three California cities, are home to the highest salaries in the United States, all offering a rate above the national average. Falling short of the national average by 12 percent, the area with the worst salaries is Denver. Atlanta and Minneapolis are a couple other places where companies are known to pay below the median — salaries are 12 percent lower and 10 percent lower, respectively.

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Experience Affects Senior Product Manager Salaries



National Average
$124,000



Skills That Affect Senior Product Manager Salaries




Product Management
up arrow 4%

Product Marketing
up arrow 4%

Strategic Planning
up arrow 3%

Business Strategy
up arrow 2%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$124,000

Product Development
up arrow 1%

Business Development
up arrow 1%

Marketing Management
up arrow 2%

Project Management
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 499 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
31%
10-19 years
46%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 3%
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